Quantcast

Daily Archives: May 6, 2009

money-stack-image5

Oil & Energy Players Raising Cash (DPTR, HEP, RRC, SGY)

Posted: May 6, 2009 at 8:11 am

We are starting to see more and more of the second-tier and third-tier energy players and oil and gas players either file for secondary offerings or actually sell shares in ...
Read Full Story »
refinery-image

Refiner Shows Profit, E&P and Services Don’t (WNR, DVN, FWLT)

Posted: May 6, 2009 at 8:02 am

Three companies representing three distinct areas of the oil business have reported earnings and the surprise to many will be that the refiner put up the best numbers. Western Refining ...
Read Full Story »
blackstone-logo1

Blackstone Results, Private Equity Close to Returning (BX)

Posted: May 6, 2009 at 7:57 am

The Blackstone Group, L.P. (NYSE: BX) posted results that show a turn for the better in private equity is either afoot or much closer than before.  It said that its ...
Read Full Story »
jobless-line-pic

ADP Jobs… A Question of Calculation Methodology

Posted: May 6, 2009 at 7:27 am

ADP is out with its controversial jobs number this morning ahead of this week's unemployment report.  ADP said that there was "only" a -491,000 drop of jobs in the US ...
Read Full Story »
burning-money-pic2

Garmin’s Head On Collision (GRMN)

Posted: May 6, 2009 at 6:41 am

Garmin Ltd. (NASDAQ: GRMN) looks a bit like a train wreck as the maker of mobile GPS systems and PND systems posted $0.25 non-GAAP EPS and $437 million in revenues ...
Read Full Story »

Top Analyst Upgrades (ALU, AMGN, HBC, IFX, SMTC, DIS, WBMD)

Posted: May 6, 2009 at 6:26 am

These are some of the top pre-market analyst upgrades and positive research calls we have seen from Wall Street this Wednesday morning with more than two hours until the market ...
Read Full Story »

Top Analyst Downgrades (BCS, NILE, ED, MVL, RBS, SRE, UBS)

Posted: May 6, 2009 at 6:17 am

These are the top pre-market analyst downgrades or cautious calls we have seen from Wall Street this Wednesday morning with more than two hours until the market opens: Barclays (BCS) ...
Read Full Story »
water-lilies3

Twenty Percent Of Homes Now Underwater

Posted: May 6, 2009 at 5:10 am

Warren Buffett and Ben Bernanke may believe that housing prices are stabilizing, but the number of Americans who owe more on their mortgages is growing. Those people are certainly more ...
Read Full Story »
oil1

Government Seems To Be Having It Way With Chrysler And GM (GM)

Posted: May 6, 2009 at 4:57 am

It appears that the creditors at Chrysler and GM (GM) may be running out of luck and time to get what they think is a reasonable payments for their investments. ...
Read Full Story »
bank6

Bank Of America (BAC), Short $35 Billion, Needs To Play Its Merrill Card

Posted: May 6, 2009 at 4:38 am

Bank of America (BAC) will need to improve its capital position by nearly $35 billion, according to several press reports. It may be able to sell its part of its stake ...
Read Full Story »
water-lilies2

Apple (AAPL) Won’t Give Up Its Cash

Posted: May 6, 2009 at 4:05 am

There must have been a dip in the news about new products and management changes at Apple (AAPL). Most of the conversation about the company in the last several days ...
Read Full Story »
bank5

Putting Bernanke On The Shelf For A Year

Posted: May 6, 2009 at 3:51 am

Ben Bernanke’s comments about the recession and his reasons for believing that the economy has hit bottom could have been a mimeograph of a dozen other speeches made by Fed ...
Read Full Story »
bear11

SEC’s Salvo In The New War Against Insider Trading & Credit Default Swaps (DBK, KKR, BX)

Posted: May 6, 2009 at 3:42 am

Insider trading has a new face. Credit default swaps, long one of the least understood and least regulated sets of financial instruments can be used for insider trading in a ...
Read Full Story »
newspaper9

Media Digest 5/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: May 6, 2009 at 2:55 am

According to Reuters, Bank of America (BAC) will have to raise billions of dollars. Reuters reports that a judge has approved a quick auction of Chrysler assets over the objections ...
Read Full Story »
sunset5

Asia Markets And Europe Open 5/6/2009

Posted: May 6, 2009 at 2:23 am

Markets in Japan were closed for a holiday. The Hang Seng was up 1% to 16,590. The Shanghai Composite rose 1% to 2,593. At the open in Europe, the FTSE ...
Read Full Story »